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Today’s global and volatile economy challenges organizations with exponentially increasing level of complexity and uncertainty. Greed, fraud, competition, increasing pace of technological and business changes, escalating compliance requirements, terrorism, reliance on IT, complexity of the supply chain, corporate social responsibility, fragility of reputation and so on have highlighted the vulnerability of organizations to these risk issues. Hence, being able to effectively identify and manage risks & opportunities to make the best possible decisions and improve your performance is quickly becoming a critical management skill as well as a key source of sustainable competitive advantage for organizations.
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